Step 1: The special department responsible for land transfer applies to the foreign exchange bureau for a unified foreign exchange account for foreign investors to bid for land use rights. After the preliminary examination of the sub-bureau, it shall be reported to the General Administration for approval. The income range of this account is the foreign exchange deposit remitted by foreign investors for land bidding, auction and listing, and the expenditure range is that the original currency is transferred to the foreign exchange capital account of foreign-invested enterprises established with the approval of the sub-bureau, remitted abroad according to the original remittance way, the bid deposit is settled and turned over to the state treasury.

Step 2: Foreign investors remit the deposit into their accounts. The sub-bureau is responsible for the change and cancellation of accounts and the management of fund transfer and exchange in accounts.

Step 3: If the bid fails, with the approval of the foreign exchange bureau, the foreign exchange deposit can be remitted abroad according to the original remittance route; If the foreign investor defaults, the account holder will settle the default deposit and turn it over to the state treasury after being audited by the foreign exchange bureau. If the bidding is successful, the foreign investor will set up a foreign-invested enterprise and open a capital account after completing the relevant examination and approval procedures.

Step 4: With the approval of the foreign exchange bureau, transfer the foreign exchange funds in the special secured foreign exchange account where foreign investors bid for the land use right to the capital account.

Step 5: Foreign-invested enterprises apply to designated foreign exchange banks for settlement of foreign exchange funds in capital accounts and pay related land transfer fees.